Combine the Numbers. --14 + 5 + 1

question 188

Multiple Choice

Combine the numbers.
--14 + 5 + 1

• A)-10
• B)-20
• C)-18
• D)-8

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Definitions:

Consolidated Financial Statements

Financial reports that aggregate the financial position and operating results of a parent company and its subsidiaries, presenting them as a single economic entity.

Residual Value

The estimated value that an asset will have at the end of its useful life.

Gross Profit

The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Consolidated Net Income

The total net income of a parent company and its subsidiaries, after the elimination of inter-company transactions and balances.